Department of Biotechnology / Biotechnology Industry Research Assistance Council (BIRAC) · Part A
Biotechnology Innovation Fund – Accelerating Entrepreneurs
AcE
BIRAC fund of funds whose partner AIFs invest up to ₹7 crore equity (plus ₹3.5 crore follow-on) in scaling biotech startups.
Overview & Objective
BIRAC fund of funds whose partner AIFs invest up to ₹7 crore equity (plus ₹3.5 crore follow-on) in scaling biotech startups.
Key Benefits & Funding
- The AcE Fund shall make a maximum capital commitment of up to ₹30 crore or up to 30% of the total aggregate capital commitment amount (i.e. fund corpus) in each Daughter Fund.
- Ticket size of up to ₹7 crore, with provision of additional follow-on funding up to ₹3.5 crore is provided to an eligible startup.
Eligibility Criteria
- AcE Fund invests and partners with SEBI-registered Category I and II AIFs in biotech sector.
- Startups and SMEs in subsectors such as Healthcare, Life Sciences, Pharma, Biopharma, Med-tech, Diagnostics, Industrial-Biotech, Agri-tech, Bio-IT/Services and allied areas.
How to Apply
Apply on: https://birac.nic.in/aceFund.php